XRP Price Range-Bound Below $1.50, Break Or Breakdown Ahead?
Analysis
Price Impact
HighXrp is at a critical juncture, consolidating below the crucial $1.50 resistance. a clear move above this level could trigger a significant bullish surge towards $1.80, while a failure could lead to a decline towards $1.20. the current price action is highly sensitive to breaking or failing key levels.
Trustworthiness
HighThe source explicitly states strict editorial policy, review by industry experts, and high reporting standards, indicating a reliable and well-vetted analysis.
Price Direction
NeutralCurrently, xrp is consolidating and range-bound, presenting both bullish potential above $1.50 and bearish risk if it fails to clear this resistance. the immediate direction is undecided, pending a clear break.
Time Effect
ShortThe analysis focuses on hourly charts, immediate resistance/support levels, and short-term consolidation, indicating that the predicted moves are expected in the near term.
Original Article:
Article Content:
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price started a decent increase above $1.420. The price is now consolidating gains and might aim for more gains above the $1.50 zone. XRP price started a decent upward move above the $1.40 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There is a declining channel forming with support at $1.350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.50. XRP Price Faces Hurdles XRP price started a recovery wave above $1.380 and $1.40, like Bitcoin and Ethereum . The price gained pace for a clear move above the $1.450 resistance. The bulls even pumped the price above the $1.50 zone. A high was formed at $1.5435 and the price started a consolidation phase. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.135 swing low to the $1.543 high. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. Besides, there is a declining channel forming with support at $1.350 on the hourly chart of the XRP/USD pair. Source: XRPUSD on TradingView.com If there is a fresh upward move, the price might face resistance near the $1.450 level. The first major resistance is near the $1.50 level, above which the price could rise and test $1.5450. A clear move above the $1.5450 resistance might send the price toward the $1.650 resistance. Any more gains might send the price toward the $1.720 resistance. The next major hurdle for the bulls might be near $1.80. Another Decline? If XRP fails to clear the $1.50 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.40 level. The next major support is near the $1.340 level or the 50% Fib retracement level of the upward move from the $1.135 swing low to the $1.543 high. If there is a downside break and a close below the $1.340 level, the price might continue to decline toward $1.30. The next major support sits near the $1.250 zone, below which the price could continue lower toward $1.20. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.40 and $1.340. Major Resistance Levels – $1.450 and $1.50.